How Much Did Levo Raise? Funding & Key Investors

Levo has successfully raised funding from notable investors, including Halogen Ventures and StartX, through various rounds, with the latest being a venture round in 2017. The platform is designed to be the largest and fastest-growing professional network for millennials, offering career planning and professional networking services.

Keep reading to explore the intricacies of Levo's fundraising journey and the investors backing this innovative platform.

What Is Levo?

Levo, founded on November 14, 2011, by Amanda Pouchot and Caroline Ghosn, is headquartered in San Francisco, California. The company operates in the career planning, professional networking, and publishing industries, focusing on helping millennials advance in their careers.

With an employee count ranging from 11 to 50, Levo has established itself as a significant player in the professional networking space. The platform is designed to support young professionals in the first decade of their careers, offering resources for job searching, networking, and career development.

How Much Funding Has Levo Raised?

1. Funding Round: Angel Round
   • Amount Raised: $1M
   • Date: March 2012
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart the platform and establish initial operations.
2. Funding Round: Angel Round
   • Amount Raised: $7M
   • Date: February 2014
   • Lead Investors: Lubna Olayan, Véronique Morali
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop Levo 2.0, expand membership, and launch local chapters globally.
3. Funding Round: Series A
   • Amount Raised: Not publicly disclosed
   • Date: April 2015
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale the platform and enhance user engagement features.
4. Funding Round: Venture Round
   • Amount Raised: Not publicly disclosed
   • Date: July 2017
   • Lead Investors: Halogen Ventures, StartX
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further expand the platform's reach and develop new career planning tools.

Total Amount Raised: $8M+ Current Valuation: Not publicly disclosed

Key Investors

Here are some of the major investors in Levo:

• Halogen Ventures
  • Details: Halogen Ventures is a venture capital firm that invests in early-stage consumer technology companies. The firm is known for supporting female-founded startups.
  • Investment Focus Areas: Consumer technology, female-founded startups, early-stage companies.
  • Notable Investments: Not publicly disclosed.
• StartX (Stanford-StartX Fund)
  • Details: StartX is an accelerator and venture capital fund associated with Stanford University. It supports startups founded by Stanford alumni.
  • Investment Focus Areas: Startups by Stanford alumni, various industries.
  • Notable Investments: Not publicly disclosed.
• Lubna Olayan
  • Details: Lubna Olayan is the CEO of Olayan Financing Co., a Saudi Arabian firm. She is a prominent businesswoman in the Middle East.
  • Investment Focus Areas: Not publicly disclosed.
  • Notable Investments: Not publicly disclosed.
• Véronique Morali
  • Details: Véronique Morali is the President of Fimalac and CEO of Webedia/Allocine. She is a key figure in the French business community.
  • Investment Focus Areas: Not publicly disclosed.
  • Notable Investments: Not publicly disclosed.
• Sheryl Sandberg
  • Details: Sheryl Sandberg is the COO of Facebook. She is a well-known advocate for women in business and technology.
  • Investment Focus Areas: Not publicly disclosed.
  • Notable Investments: Angel investment in Levo in 2011.

What's Next for Levo?

Levo's future is brimming with opportunities, particularly with the development of Levo 2.0 and the expansion of its membership base. The platform's plan to launch local chapters globally could significantly enhance its reach and impact, making it a pivotal player in the professional networking space for young professionals.

Given these expansive opportunities, future fundraising rounds seem likely. The need for additional capital to support global expansion and platform enhancements could attract more investors, further solidifying Levo's market position. However, challenges such as competition from other career development platforms and maintaining the quality of local chapters as they scale could pose significant hurdles.

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